Ferrari: UBS raises price target.
(CercleFinance.com) - UBS has raised its target price for Ferrari from 92 dollars to 100 dollars, maintaining its "buy" rating on the stock.
In a research note sent to clients, the brokerage firm says the the luxury carmaker is poised to launch a new 4-year plan in early 2018, with much more aggressive targets than the consensus currently anticipates.
UBS thinks Ferrari will target doubling revenues, with a strategy including much higher unit volumes (through extensions into new categories), significant price increases, and higher margins.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In a research note sent to clients, the brokerage firm says the the luxury carmaker is poised to launch a new 4-year plan in early 2018, with much more aggressive targets than the consensus currently anticipates.
UBS thinks Ferrari will target doubling revenues, with a strategy including much higher unit volumes (through extensions into new categories), significant price increases, and higher margins.
Copyright (c) 2017 CercleFinance.com. All rights reserved.